THE WHAT? Oddity has introduced its outcomes for the fourth quarter and full yr ended December 31, 2024. The tech agency noticed full yr gross sales soar 27 p.c to US$647 million, whereas adjusted EBITDA of US$150 million, up 40 p.c yoy.
THE DETAILS The tech agency stated that it hopes to extend internet income to between US$776 million and US$785 million by way of the continued worthwhile progress of its current portfolio, accelerating funding in Oddity Labs and constructing Model 4, to guide in a gorgeous class within the magnificence and wellness market.
THE WHY? Oran Holtzman, Oddity co-founder and CEO, feedback, “2024 was a record-breaking yr for Oddity. We delivered excellent outcomes and exceeded our monetary steering each single quarter of the yr, simply as we have now up to now 7 quarters since our IPO, whereas concurrently making large investments in our future.
“We as soon as once more proved the facility of on-line. The energy of our direct-to-consumer mannequin actually stands out on this backdrop the place others speak about weaker gross sales and extra stock, but we delivered internet income progress of 27 p.c for the yr at a 23.3 p.c adjusted EBITDA margin and with glorious free money technology.”
